269 Results from 2012, /payments
Retired Member
The GSMA recently issued a discussion paper on mobile merchant payments (or eWallet Merchant Payments as they label them). In it they laid out three conditions that they felt needed to be in place to drive customer uptake of mobile merchant payments - namely consumer demand, a clear consumer benefit, and an eWallet stored value (i.e. a positive b...
18 December 2012 /payments
Pat Carroll Founder/Executive Chairman at ValidSoft
On data breaches and forms of attack: resistance is futile In 2012, we have seen an increasing number of sophisticated attacks made on a range of organisations in an attempt to capture consumer information. In 2013 we should not only expect such attacks to escalate in terms of frequency and significance, but for traditional defence technologies t...
17 December 2012 /payments Innovation in Financial Services
Despite a few technical changes that have occurred in recent years, until now the traditional payments landscape hasn’t changed much since the first payment card was introduced a few decades ago. The Point-of-Sale (POS) has largely retained its primary focus of allowing retailers to accept and collect payments from consumers. This is rapidly chang...
13 December 2012 /payments /retail Payments strategies 2015-2020-2030
The Ancient Mayans predicted that the world will end on 21st December 2012. While some of us may laugh at those stocking up on the non-perishables or forgoing Christmas shopping, the Mayans – who considered themselves a developed economy – may have been on to something. While booming markets in Africa, India, Asia and South America delight global ...
12 December 2012 /payments Payments strategies 2015-2020-2030
NFC World ran an article on 5S "likely" to have NFC, citing investment bank Jefferies who said that "based on our checks, likely updates include a new super HD camera/screen, a better battery, and NFC." I wonder what those "checks" were... Supply chain inventory? Design drawings? Or details of Apple's commercial model...
11 December 2012 /payments Innovation in Financial Services
Ketharaman Swaminathan Founder and CEO at GTM360 Marketing Solutions
There has been a spate of ads and announcements over the last 3-4 weeks by banks in India about the introduction of the new Cheque Truncation System, CTS-2010, from the new year. For the uninitiated, CTS transforms cheque clearing from a paper-intensive to a digital process whereby only images of cheques move between the payer bank, payee bank a...
06 December 2012 /payments /retail
On March 23, 2010, the Patient Protection and Affordable Care Act (PPACA) was signed into law. Section 1104 of the PPACA requires the adoption of operating rules for health care electronic funds transfers (EFT) and electronic remittance advice (ERA) transactions. The goal of section 1104 is to reduce the administrative burden on healthcare provi...
05 December 2012 /payments Payments strategies 2015-2020-2030
Elizabeth Lumley Global FinTech Commentator at Girl, Disrupted
In New York, in the early 1990s, there was a spate of serial robberies where muggers specifically targeted young Puerto Rican bus boys walking home late at night (or early morning) after a shift at a restaurant. Why, you ask? Why did the Gotham thieves target bus boys - as opposed to mailmen or trash collectors or late night revellers or any other ...
04 December 2012 /payments Finance 2.0
Some of my regular followers here at Finextra were curious as to why I have not been blogging lately. I normally write about practical and relevant issues, and it's getting harder and harder for me to do that without stepping on some NDA here or there. Also, several companies are now shifting their focus to our main playing field, and I don't want ...
04 December 2012 /payments Innovation in Financial Services
Andre Malinowski Head of International Business at Computop GmbH
With the increasing complexity of the world’s consumer markets, businesses face various challenges when it comes to expanding their footprint into the different corners of the world. Diverse government structures, unique social and business cultures, and an ever-changing array of legal requirements and compliance policies make it difficult to over...
03 December 2012 /payments
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